Poor GDP Figures Reveals Bad Economic Management, Says TUC

The government has published the latest gross domestic product (GDP) figures for the UK, revealing a growth of 0.4 per cent in the second quarter of the year.

While this shows signs of improvement in the economy as GDP growth was just 0.2 per cent for the first three months of the year, the Trades Union Congress (TUC) states this is still not enough.

General secretary of the TUC Frances O’Grady say this demonstrates a “dismal decade for the economy”.

She went on to say: “We should not accept weak growth as the new normal – it’s the result of bad management of the economy. There has been too little investment and a failure on getting wages rising.”

These figures show the importance of everyone in business to do their best to boost the economy for the entire country. This could be helped with companies investing in good-quality sales training in Cheshire to ensure all their staff are able to meet sales targets as efficiently and successfully as possible.

By having businesses that are exceeding their aims, this will help overall GDP figures as there will be more money being earned, and subsequently, spent.

Ms Grady suggested for a stronger economy, Britain needs to invest at the same level as other OECD countries do, in addition to increase wages.

Fiscal growth has remained moderate recently, with GDP levels rising by 0.1 per cent in June, and growth in the first six-month period of 2018 being similar to the same period last year. However, this is considerably lower than the results from 2014.